Record News

Four of the six chief execs at Canada’s biggest banks received more compensation in 2024 as they were rewarded for meeting financial targets in a year marked by uncertainties linked to the United States elections and rising provisions for credit losses, but the heads of Toronto-Dominion Bank and Bank of Montreal saw their pay packages decline.

In this article

The latest figures published by the US Bureau of Labor Statistics today (7 March) came in below market expectations, with economists polled by Reuters predicting the monthly rise in payrolls to hit 160,000 jobs. Nevertheless, the figures for February marked a significant increase from the downwardly-revised figure of 125,000 jobs for January this year. The largest rise was recorded in the healthcare sector, which added 52,000 jobs last month, in line with the average monthly gain of 54,000 over the last year. US adds 256,000 jobs in December as unemployment rate softens Non-farm...

The Trump administration's purge of federal staff may flood an unemployment benefits system ill-equipped to handle the deluge, triggering delays in aid for jobless workers, according to a new report.

BNP Paribas has secured a prime office space in Mumbai’s business district Bandra Kurla Complex (BKC), leasing a ground-floor unit in a commercial complex at a monthly rental of Rs 811 per sq ft, making it one of the most expensive commercial property deals in the country. ET has reported earlier this week that Elon Musk-owned electric vehicle (EV) maker Tesla Inc leased space in BKC at monthly rentals of Rs 881 per sq ft setting a new national record surpassing the earlier benchmark set by Apple Inc at Rs 738 per sq ft in January. The BNP Paribas’ lease agreement was finalized on February 18, with the five-year lease tenure set to commence later this year on August 16. The bank will occupy a 3,497 sq ft chargeable area in Maker Maxity’s 1 North Avenue, paying a total rent of Rs 28.36 lakh per month to the landlord, Neelammegha Investments and Trading Company.

Are you a landlord who earns rental income from commercial properties? If your earnings cross a certain threshold a year, you may have to register for the Goods and Services Tax (GST) and start charging tax on rent. 

S Jaishankar during a discussion at Chatham House in London. The shift, largely driven by US President Donald Trump’s foreign policy, is helping reshape global alliances. “If I were to look at the big priorities of this president, many of them work for us,” Jaishankar stated. “He seems to be committed to keeping energy prices reasonably affordable and stable—we welcome that. He is putting a lot of emphasis on tech and on the use of tech as a game changer in global politics. That offers a lot of possibilities for us.” Jaishankar noted that the US administration under Trump is actively moving towards multipolarity, a shift that aligns with India’s vision for the future. “We see a president and an administration moving towards multipolarity, and that is something which suits India.”

An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA — has gained more than 40% this year. That compares with an about 10% drop in an index of the Magnificent Seven stocks, whose slump has also pushed the Nasdaq 100 Index to the brink of a correction.

Another sell-off on Wall Street sent the Nasdaq composite 10% below its record as whiplash over tariffs grows and as AI stars lose more of their shine

Lewis Hamilton isn’t about to let age stop him pursuing an historic eighth Formula 1 title with his new team Ferrari. An eighth world title would be an all-time record but winning after turning 40 has been a challenge for even the greatest drivers in F1 history. No driver has won a race past the age of 40 since 1994, and there’s hasn’t been a 40-plus world champion in 59 years. Hamilton told Time last month he rejects comparisons with older drivers “past or present.” He added: “I’m hungry, driven, don’t have a wife and kids. I’m focused on one thing, and that’s winning.” The 2025 season starts next week in Melbourne, Australia. Here’s a look at the successes and failures of F1 greats after reaching the age of 40:

Millie Bobby Brown might be one of Hollywood's brightest young stars, but it turns out the name we've all known her by isn't entirely real. The 20-year-old actor, known for her role as Eleven in Stranger Things, recently left fans — and even co-star Chris Pratt — utterly gobsmacked by revealing her actual name during a promotional interview for her upcoming movie The Electric State. While many assumed «Bobby» was simply a quirky middle name, Brown casually dropped the bombshell that the name isn't even part of her birth identity.

The size of the 2025-26 budget is expected to reach Rs 4 lakh crore, an increase from the Rs 3.71 lakh crore allocated in the current fiscal year. In a post on 'X', Siddaramaiah said, «Over the past few days, I have held meetings with our cabinet ministers; senior officials of various departments; leaders of — farmers, exploited, minority, backward class organizations; and religious leaders.» He said that he has made an effort to listen to the aspirations of people from all castes, races, and classes of society in a non-partisan manner and has tried to respond positively to them through this budget. «I believe that the budget is not merely a calculation on sheets of paper, but a manual for shaping the future of the seven crore Kannadigas of the state. I am confident that I have made a sincere effort through the budget to make every citizen of the state a beneficiary of some government scheme,» he added.

Subscribe to enjoy similar stories. The recent rebound in India’s stock market could stretch by 1.4% in the short term, said market experts, although they warned that it could be a mere bounce within a larger downtrend as foreign investors remain significantly bearish in the domestic cash and derivatives segment. On Thursday, stock market bulls kept India’s benchmark indexes up for a second straight day following 10 straight sessions of battering.

The January outflows more than reversed the £2.3bn inflows recorded in December 2024 and also bucked the positive flows in November. Active funds in general, and equities, particularly UK equities, were hardest hit. UK equity funds suffer ninth-year of outflows in 2024 Investors were reacting to high levels of uncertainty that began the year, the IA said, adopting a ‘wait and see' approach. Factors including confusion over interest rate cuts, the impact of then-anticipated tariffs from the newly elected President Trump and a market shake up with the blasting onto the scene of De...

Sunrisers Hyderabad (SRH) has signed South African all-rounder Wiaan Mulder as a replacement for England pacer Brydon Carse, who has been ruled out of the upcoming TATA Indian Premier League (IPL) 2025 due to injury. Mulder, who has played 11 T20Is along with 18 Tests and 25 ODIs, joins SRH for ₹75 lakh. The all-rounder has taken 60 wickets in international cricket and has scored 970 runs across formats. Carse was originally picked by SRH for ₹1 crore but will now miss the season.

A similar surge in late February triggered heatwave warnings for two consecutive days, February 25 and 26. The India Meteorological Department (IMD) has forecasted even hotter days ahead, predicting a maximum temperature of 38°C on Sunday.

This economic dynamism has not only increased the billionaire count but has also spurred the growth of high-net-worth individuals (HNIs), further strengthening India's luxury property markets including Mumbai, Delhi and Bengaluru. With 191 billionaires, India now ranks third globally in billionaire wealth, behind only the US and China. A total 26 individuals joined the billionaire club in just the last year, a stark contrast to the mere seven additions recorded in 2019, showed the Knight Frank global wealth report.

rupee liquidity. However, the trading position would impact the market's view on how much it could erode future foreign exchange reserves, experts said. RBI's net short positions in the forward book reached a record high of $77.5 billion as of January 31, with the majority of positions in the three-month to one-year tenure at $30.6 billion, central bank data showed. The RBI also did two dollar-rupee buy-sell swaps in February — $5 billion for a six-month tenure and $10 billion for a three-year tenure.

Expressing concern: The Supreme Court on Wednesday expressed concern over ego clashes between IAS and IPS/IFS (forest service) officers. Speaking from his experience as a government lawyer and a judge for over two decades, senior SC Judge BR Gavai shared with solicitor general Tushar Mehta that there has always been a «conflict» between them. Justice Gavai said that IAS officers always show their «supremacy» over IPS and IFS officers. The development took place during a hearing pertaining to the omnibus forest protection matter. Displeasure with High Court The Supreme Court has recorded its displeasure with the way certain orders are passed by the Allahabad High Court. A bench headed by justice Abhay Oka on Wednesday disapproved of the way a revision appeal was decided by the high court. Remanding the case back to the Lucknow bench of HC for reconsideration, the top court directed the high court to call for the trial court record before deciding the matter. In January, another bench headed by justice Surya Kant had observed that the functioning of Allahabad High Court has been «worrisome». The bench had also observed that the filing and listing of cases in the Allahabad HC had «collapsed».

Subscribe to enjoy similar stories. Bulls bounded back into the reckoning on Wednesday after 10 long days of decline, shored up by comebacks from auto, IT and FMCG stocks, and a fall in the value of the US dollar to a three-month low. The recovery ended the longest losing streak witnessed by benchmark Nifty 50, its worst in more than 25 years.